Iteris (ITI) Given Daily Coverage Optimism Score of 0.06

Malita Javier
|
17 Julio, 2017, 14:55

The firm owned 649,100 shares of the technology company's stock after buying an additional 48,900 shares during the period. Zacks Investment Research downgraded Iteris from a "hold" rating to a "sell" rating in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $8.17 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. The stock was sold at an average price of $5.49, for a total transaction of $2,114,846.82. The shares were sold at an average price of $6.50, for a total value of $183,469.00.

Zacks Investment Research downgraded shares of Iteris Inc (NYSE:ITI) from a hold rating to a sell rating in a research report sent to investors on Tuesday, June 13th.

Shares of Iteris (NYSE:ITI) traded down 2.59% during mid-day trading on Friday, hitting $6.39. The company has market cap of $203.08 million.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Iteris (NYSE:ITI) last posted its quarterly earnings data on Thursday, June 8th. The firm's 50-day moving average is $5.96 and its 200 day moving average is $5.11. Iteris had a negative return on equity of 33.30% and a negative net margin of 13.64%. If you are reading this article on another site, it was copied illegally and republished in violation of USA and global copyright laws. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/07/15/insider-selling-iteris-inc-iti-director-sells-385218-shares-of-stock.html. Following the transaction, the insider now directly owns 42,743 shares of the company's stock, valued at $277,829.50.

In other Iteris news, major shareholder Lloyd I. Miller III sold 100,000 shares of the business's stock in a transaction dated Wednesday, April 12th. Over the last 90 days, insiders sold 733,944 shares of company stock valued at $4,061,066.

Iteris, Inc.is a provider of information solutions for both the traffic management and global agribusiness markets. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics.

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